Written by Richard Smith Financial Expert on 18 February 2009
It seems that everyday more and more bad news is on the horizon for the UK (and of course the World) economy. What causes me the greatest concern is the fact the inflation is going down (or is it) http://www.statistics.gov.uk/cci/nugget.asp?ID=19, we have the threat of Deflation according the comment from the Times http://business.timesonline.co.uk/tol/business/economics/article5750719.ece
However we have the Treasury keen on Printing Money which is going to be what? A. Inflationary.
The £ falling through the floor – in the main Inflationary.
High Levels (record levels) of Government Borrowing – all has to be funded for, and it can only come via increased taxation, save a miracle (which will be Inflationary).
The thing is there are no simple answers to our predicament, I just wish we could some some positive action by this Government that actually looks like it will make a difference, rather than more VAT Decreases.
Fingers Crossed eh, in the abscence of another plan it looks like this will be the one followed.
Happy Tuesday.
Richard Smith
0845 226 9106
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Written by Richard Smith Financial Expert on 16 February 2009
I wondered when it would happen and indeed the time is now.
http://business.timesonline.co.uk/tol/business/markets/article5721317.ece
For most investors with Life and Pension Plans there is no need to worry, most of the major UK Financial Services Businesses are having an interesting time.
For most consumers there is not a lot to worry about, Pension Funds are usually Ringfenced which means if there is a failure the funds are safe, for Life Assurance and other Investment Bonds (for example) there could be some concerns, however most will be well protected.
It is clear that the FSA is making all of the right noises, and these are preventative rather than an immediate threat. I might be wrong, but I have seen most of this before.
If you are concerned, get in touch I am more than happy to discuss the options with you and provide some guidance. Remember it might get worse before it gets better.
Richard Smith
0845 226 9106.
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